How do I interpret the bond pair name and subtext?

During the offer period, the bonds will be listed as follows: BILL45/PHP

BILL: indicates the type of bond that you will be purchasing (e.g., BILL = Treasury Bill)

45: indicates the week of the year when the bond is issued (e.g., 30 = issued on week 30 of 52)

/PHP: indicates the currency needed to settle the bond purchase order.

The subtext on every bond token will also display the indicative rate and bond maturity date.

Indicative rate: 

• indicates the average discount rate for the past four weeks prior to the specific bond’s issuance. Kindly note that this is informative only and subject to change. 
• The final discount rate will be provided upon the bond's issuance. You can find the issue date on the bond's detail page which you can view when you click on the bond token from the Trade tab.

Maturity date:

• Refers to the date when the bond reaches its maturity. This is when you will receive the face value of the bond you have purchased.

After the auction date, the indicative quote will be updated to reflect the final discount rate the Bureau of Treasury (BTR) gave for the specific bond.

If you have any questions or need further assistance, you may file a support ticket here or you can send us an email at [email protected].